Job Market Monitor
Economy
Latin America and the Caribbean Outlook – Unemployment will be up 0.2 percentage point
The unencouraging economic outlook for the current year will likely prompt a mild increase in the regional unemployment rate to 6.2% from the 6.0% registered in 2014, according to estimates released today by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). In a new edition of their … Continue reading
Unemployment in OECD in March 2015 – 42.4 million people were unemployed, UR at 6.9%
The OECD unemployment rate fell by 0.1 percentage point to 6.9% in March 2015, with a cumulative decline of 1.2 percentage points since the peak reached in January 2013. Across the OECD area, 42.4 million people were unemployed, 6.6 million less than in January 2013. The euro area unemployment rate was stable in March, at … Continue reading
April Job Report for Canada – Employment down by -20,000, UR held steady at 6.8% for the third consecutive month
Employment edged down in April (-20,000), as gains in full-time work were more than offset by losses in part time. The unemployment rate held steady at 6.8% for the third consecutive month. In the 12 months to April, employment increased by 139,000 (+0.8%), with all of the growth in full-time work. Over the same period, the total number of hours … Continue reading
US Job Report April 2015 – Total nonfarm payroll employment increased by 223,000, UR essentially unchanged at 5.4 percent
Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and construction. Mining employment continued to decline. Household Survey Data In April, both the unemployment rate (5.4 percent) … Continue reading
Africa – Most of the world’s jobseekers will be there in the next 20 years
Globally, the number of people eager to get earning continues to grow year on year, and a new report from the IMF shows that in the next 20 years, most of the world’s jobseekers will be in Africa. “As both infant mortality and fertility rates decline, sub-Saharan Africa will become the main source of new … Continue reading
Canada in 2014 – Full time employment-increased by 158,000, mainly in Western Canada
Full-time and core-age employment advanced in 2014 While employment growth in 2014 was little changed from the previous year, both full-time work and employment among core-age workers strengthened in 2014 on gains in the second half of the year. Full time employment-increased by 158,000 in the year, up from 46,000 in 2013. Employment among core-age … Continue reading
China – Employment held up despite slower economic growth Vice Minister of Human Resource and Social Security says
China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly optimistic” as the pace of job creation is slowing. The urban unemployment rate was at 4.05 percent at the end of March, little … Continue reading
Four global forces rewriting the world economy’s operating system
The world economy’s operating system is being rewritten. In this exclusive excerpt from the new book No Ordinary Disruption, its authors explain the trends reshaping the world and why leaders must adjust to a new reality. Together, these four fundamental disruptive trends are producing monumental change. 1. Beyond Shanghai: The age of urbanization The first … Continue reading
Dow Chemical – To cut up to 1,750 jobs
Dow Chemical Co. said Monday it would cut between 1,500 and 1,750 jobs, or about 3% of the global workforce, as part of a restructuring aimed at cutting costs by $300 million a year. Chosen excerpts by Job Market Monitor. Read the whole story at Dow Chemical to cut up to 1,750 jobs as part of cost-cutting … Continue reading
Hispanic in US – Will account for over 40% for the increase in overall employment
The US economy is nearing a period when labor force growth will slow sharply as an ever larger proportion of the Baby Boomer generation retires. During this time, Hispanic employment will continue to show strong growth, even under conservative assumptions about Hispanic immigration. This report presents the results of projections of future US labor force … Continue reading
Sluggish Wage Growth in US – Not due to the mix of jobs being created EPI finds
There has been some discussion that the sluggish wage growth we’ve seen since the recovery began in 2009 is driven in large part by the mix of jobs being created, as if we have lower wages simply because the economy is adding more low-wage jobs. Earlier in the recovery there was likely some truth to … Continue reading
US – Government jobs 630,000 below early stages of recession level
The Labor Department’s latest report signaled that a broader economic slowdown is taking place after job growth ticked up last year. The economy added just 126,000 jobs last month — the lowest tally in more than a year. While the new estimates were disappointing, they’re hardly anything out of the ordinary for the public sector. … Continue reading
US March 2015 Job Report – Slowdown in employment growth (126,000)
Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs. Household Survey Data In March, the unemployment rate held at … Continue reading
Canada – The services industry fast-growing exports is good for the job market
Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading
US – Small businesses created 108,000 ADP Small Business Employment Report for March 2015 finds
Private sector small business employment increased by 108,000 jobs from February to March according to the March ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, … Continue reading
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